Stock index Dow Jones completes the trading week at 20890.1. Quotations Dow Jones are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for the Dow Jones. At the moment, the quotes of the stock index test the average border of the bars of the indicator Bollinger Bands. A correction to the moving average with a period of 55 near the level of 20720.0 is expected, from which one should expect an attempt to continue growth and further development of the bullish trend with the first target near the level of 21530.0.
Dow Jones weekly forecast on May 15 — 19, 2017
The conservative buying area is near the lower border of the Bollinger Bands indicator bars at 20460.0. The cancellation of the option of continuing the growth of Dow Jones will be a breakdown of the moving average region with a period of 55, as well as the lower border of the indicator bars and the closing of the index’s quotes below area 20150.0, which indicates a change in the trend in favor of the bearish on the Dow Jones. In the event of a breakdown of the upper boundary of the indicator bands, it is expected to accelerate the growth of the exchange index in the area above the level of 21530.0.